The Board of Directors of Lam Soon (Hong Kong) Limited announced the following changes in directorship and composition of the board committees with effect from the conclusion of the annual general meeting of the Company held on 12 November 2025 (the "AGM"): Dr. WHANG Sun Tze ("Dr. Whang"), a non-executive director of the Company ("NED"), having reached his retirement age, has retired after the conclusion of the AGM. Mr. Lester G. HUANG, SBS, JP ("Mr. Huang"), an independent non-executive director of the Company ("INED"), was subject to retirement by rotation at the AGM pursuant to the Articles of Association of the Company. Mr. Huang, after a tenure of over 11 years, decided not to stand for re-election at the AGM and retired from the Board after the conclusion of the AGM.
Mr. Huang ceased to be the Chairman of the Board Remuneration Committee of the Company (the "BRC") and a member of the Board Audit and Risk Management Committee of the Company (the "BARMC") following his retirement as an INED. Mr. WHANG Yixiang Remus ("Mr. Whang") has been appointed as a NED of the Company with effect from the conclusion of the AGM. Mr. Whang, aged 35, is an executive director of MC Packaging Pte Ltd. ("MC Packaging" together with its subsidiaries, the "MCP Group") and the group chief executive officer of the MCP Group.
Prior to joining MC Packaging, Mr. Whang was an investment banker for Evercore, where he specialised in mergers and acquisition advisory. He also worked in the business development division of Guoco Group, a Southeast Asian conglomerate and a fellow subsidiary of the Company, where he oversaw and managed a portfolio of fast-moving consumer goods assets in the Asia Pacific region and China. Mr. Whang graduated from The Wharton School of the University of Pennsylvania, USA with a Bachelor of Science in Economics, majoring in Finance and with a minor in Computer Science.
He is the son of Dr. Whang, the retired director of the Company and a substantial shareholder of the Company, the nephew of Mr. Kwek Leng Hai, the Chairman of the Board, and Mr. Quek Leng Chan, a deemed substantial shareholder of the Company. Save as disclosed herein, Mr. Whang does not have any relationship with any other directors, senior management, substantial or controlling shareholders of the Company. Mr. CHAU Siu Lun ("Mr. Chau") has been appointed as an INED of the Company as well as a member of each of the BARMC and BRC with effect from the conclusion of the AGM.
Mr. Chau, aged 61, is qualified as a solicitor in Hong Kong and England and Wales and is currently the partner of Haiwen & Partners LLP. He was a partner of Herbert Smith Freehills LLP from 2006, and served as the Head and Chief Representative of the firm's Beijing representative office from 2011 to 2022. His specialised practice areas include listing of mainland Chinese companies in Hong Kong, secondary equity and debt financing, mergers and acquisitions, restructuring and spin-offs, corporate governance, environmental, social and governance disclosure and compliance matters of listed companies.
Mr. Chau graduated from The University of Hong Kong with a Bachelor of Arts degree (Honors) in 1987, and obtained a Postgraduate Certificate in Laws from The University of Hong Kong in 1994. Mr. Chau is a fellow of the Hong Kong Chartered Governance Institute ("HKCGI"). He has been a council member of HKCGI since 2021, and served as a vice president since 2024.
Mr. Chau holds the qualification of a Certified Anti-Money Laundering Specialist, and is also an arbitrator of the Beijing Arbitration Commission and the Beijing International Arbitration Center. Mr. Chau is currently an independent non-executive director of AUX International Holdings Limited and Great Wall Motor Company Limited respectively, both are companies listed on the Stock Exchange. The Board would like to announce that Ms. CHEUNG Man Ying has been re-designated as the Chairman of the BRC with effect from the conclusion of the AGM.
